Topic: [ANN] CannabisCoin [CANN][X11][Official] Unmoderated General Discussions. - page 241. (Read 492677 times)

This is the kind of backwards conservative politics that we have unfortunately have here in Australia at the moment - one can only hope things change soon


This is from an email sent to those of us who signed a petition and/or call the Ministers Office

I can't believe he'd treat voters and families in need like this. Worse – this is what he said to ABC News yesterday about medicinal cannabis: "we just can't allow people for political reasons to sign up to a particular medication for argument's sake"
Minister, this isn't about political reasons. This is my son's life – it's about doing the only thing we can to reduce the pain and nausea from his terminal cancer chemo.
Please share this image today on Facebook to embarrass Minister Dutton into getting briefed and meeting families impacted, it seems our only option now he won't take our calls!

http://email.change.org/wf/click?upn=1mmeex-2FjZn-2FwcNsRwSa6VT2YFdcA0n2c1ETf3YJVbJjUjWrD6wRlLNQTlAi0TBfYBrEbIxEftd-2FneJBQa-2BtBaO4P02ysEhiy7SBC6KIE4k2ucSUgqGVlv6BEfZRFLdhf39udPeGzVYlKF3XJuOGC0MajQaK60x1SV8Kn-2BeIIKA71VxX4HirI-2B9OcL88jXaeMsyIBwAoLg4jPKzHiE83PpXIA8uwp8ChftQkCslwLRbY-3D_-2FhyrzvVPy5H5PnQHYL2vaM3Tg0ZdajegDwlm6ui9o91l4-2Bi6NrNUDewAhc4Cn-2FRI-2BEdxqw7jWFvQEGGBT0ohJW1n40UtvQo4fZh5Ij-2FdedbqIyRWg-2BfJSWUOW59GcUeH-2Bh48W2avbD8vyB-2Bs0MR9b8qOatb8nz-2BpPdSa0G4QKp19ZDFUN6BBgfTYTF5w6ibgE-2FbkRCJxnC1wD9xozeUI7Dz5rbk3taTaPfDmIGto7sT2DY1VLDcQA6KFlKudrohNJamcy0Iu7WW2GlYOn4A-2FxvJU-2BmQ4PfkhvZmEXkREs4g-3D




I know your support is helping keep up the pressure on the government to get this done. News.com.au have just published this new article about what's happening – please share it. http://email.change.org/wf/click?upn=1mmeex-2FjZn-2FwcNsRwSa6VWcom5K1tKjUbMDyEGX97WSzf9-2FM8I27atwd8yODY7lTgIN4hFiPI4Txva9gZnSSyC1F-2FV49h4hDOPH7rtziGB-2BodIi8PI12WMKrQA5-2F0ggnLo-2Bx9yLfky-2BkMUIAe3evMTpouOO2GHQxsHOeXCnwuhcEAQF1gszSpJYaYGBQi1pIhVN1UZqzwV6QiTNUPIUDTw-3D-3D_-2FhyrzvVPy5H5PnQHYL2vaM3Tg0ZdajegDwlm6ui9o91l4-2Bi6NrNUDewAhc4Cn-2FRI-2BEdxqw7jWFvQEGGBT0ohJW1n40UtvQo4fZh5Ij-2FdedbqIyRWg-2BfJSWUOW59GcUeHiuPktWwbFE3L-2FZUxrwUOlAUIg30RMDkO3ZTJsLWWDtRkEv5r1LjMVrh9Udgh7xAac6yE3cMjQRkb9xiSwjcPhK8y-2BrpBMUzcm5wwTc7TG-2BhaXrTDW5F0Wl5JKgTtjdTDLRRNHJRUGYz6S-2FRTwyoyPO9eJoAIO7QMZ27W-2BOsi82g-3D

There’s 30 years of clinical trials, 23 states in the US, not to mention 8 other countries, who all back medicinal cannabis. But our politicians are still stuck on "political reasons" and arguments about "long-term health implications".
This is about helping terminal cancer patients like my son Dan… they're just not getting it yet.
Thanks for all your help.
Lucy and the Haslams

DeltaNine will be in Southern California tomorrow for MMJ industry talks. 8/22 - 8/25

more to come...

This is what I am thinking. While an ultimate pg of 1g = 1 CANN would be great, how difficult will it be to build & maintain the price to nearly that level in the early days?

I disagree that once the price is pegged it can never be changed again. That notion completely ignores all relevant factors.

I would think the following approach would be easier to build & maintain....

Inital peg of 10 CANN = 1g Cannabis.   Target price for 1 CANN = USD$1 (approx)

(then when market is ready, eg 1 years time, or demand exceeds supply)
change peg to 5 CANN = 1g Cannabis.   Target price for 1 CANN = USD$5 (approx)

(then when market is ready, eg 1 years time, or demand exceeds supply
change peg to 1 CANN = 1g Cannabis.   Target price for 1 CANN = USD$10 (approx)

This approach would effectively act as a price reduction for CANN holders purchasing Cannabis priced at the peg rate.
In this way, patients who adopt early & secure a bag of CANN will see increased purchasing power when the peg is updated to reflect increased demand.

If this design is detailed in the CannabisCoin Roadmap, I suspect it would encourage both patients & long-term traders to buy & hold more CANN than they would on a fixed peg.

Price Reductions are the way to go (imo)
Consider the "(Amazon Web Services) AWS Pricing Philosophy" http://aws.amazon.com/pricing/

http://aws.typepad.com/aws/price-reduction/

Thanks for the update man,as an experienced fellow grower and a strong advocate for Marijuana's many uses i have been following this project with great interest for a while now and happy to see it coming to fruition,i personally think of CANN in terms of value and not price as the project has potential for setting some great precedents in various scenes and i'm very much looking forward to see how it all unfolds.


EDIT: any details about the strain itself for nerds like me would be welcome hehe

Update

Was asked about how soon you could buy meds with CANN etc, etc, etc.

First,

Once we have announced the "PEG", that will set the standard for our side for agreement with growers/suppliers/Dispensaries as far as price goes.

Next, we will create the policies and procedures of CANN payment, Point of sale method, and handling of product for dispensary (In this case HWC in AZ will be the participating Dispensary) .  This is all normal part of any business and doesn't happen overnight.  This is a legal business and will require strict guidelines.  We are making history here folks.  Not just a 'quick' way of handing over a paper wallet and getting your buds.  It needs to be methodical and adhere to a 'standard' for other model dispensaries to adopt.

 

Product process if we do ONLY CANN strains for purchase right now.

CANN strains are in 'vegetation' stage right now that are going to be 'mother' plants to more CANN clones (research cloning so I don't have to explain).  They are almost ready to be cloned, vegetated, and then flowered, then dry, then harvest, and to the shelf.

last update I explained participating growers have their strains that they could possibly 'donate' immediately to the CANN jars/inventory that will adhere to the same "PEG" price as well.  This would cut the time to wait for CANN strains to spread the across the globe and be on shelves.

None of this happens overnight.  Its a NEW STANDARD we are trying to set here!  If you are committed and believe in CANN, please support it and contribute.  If you are looking
for a quick way to get your investment portfolio to BLOW up, I would try other methods.  Although it definitely still looks great with CANN on short term as well.  Your money, your choice.

The team comprises of seasoned business professionals and we don't like to rush into things just to make a quick buck and get out while leaving a failed project.  If you are looking for that, then go buy some bigbangbuckcoin or something.

If you are here to make history happen and see to it, that we as a community stand together to make this happen, then by all means LETS MAKE IT HAPPEN!
You will be rewarded for your efforts trust me.


~DeltaNine and Team
btw YES WE CANN!

Happening right now, have growers, and acceptance.

This coin is an intriguing idea, and probably extremely undervalued, but....

Sustaining even 10 Cann = 1 gm will be extremely difficult without a giant network of vendors accepting it. There's just too many coins.  As long as the coins in speculator hands is so much greater than the demand, you'll never hit the peg.  Remember, crypto traders dump every time the price goes up 5%.  It's in their DNA.

What makes the coin not-quite-hopeless, though, is that the pot economy is sort of outcast from the mainstream economy, and there's some potential to talk the growers' suppliers into taking the coins as well.  If that happened, you might have something.

I still think you guys should use a fraction, say 1% of each purchase to buy CANN at the spot price. At least until things stabilize. That will add buy pressure and it'll increase your supply of in house crypto to sell at a later date.

Majority, aren't traders. Even if they were, they'd just be getting a good deal at the expense of exchanging from fiat to btc to cann then going back to dispensary?  Easier for them to just go to their dispensary and pickup their meds like usual and choose CANN if they want meds at low cost. Dispensary can set their price on resold coins stabilizing it.

These are talks we are having at the moment. off-forum.  Good to see community involvement here.

Another thing the dispensaries can do is use a fraction of each sale to buy CANN at the spot price. That would increase their own supply of cann for sale locally and keep the markets from tanking.

But what if patients will find their way to exchange and the traders will keep the values low there? :/ That could screw up the whole plan.

They can resell to patients

I think since that will increase volume it will naturally rise.

Interesting theory

And what will that trader/dispensery do when they sell you something for cann? They're gonna sell it on exchange,because they need MONEY not coins. So,yes,price on exchange is VERY important.

tagging doesnt determine the price in the market - only the seller with the product will keep their price tagged, CANN price will always be determined by the CANN/ BTC and BTC / USD price, decided by buyers and sellers on exchanges.

so i dont think its a big issue, tagged price will only be available to people buying physical product from certain sellers, if that is a big market, it will start to affect the CANN / BTC price but apart from that its just another smart way to get CANN out there into the market and another first for the team.

EDIT:

What 'tagging' does do is provide awesome promotion for CANN, because while the price isn't 10$ per CANN buyers can buy CANN to get serious discounts on real cannabis products so its an incentive to start using the coin and creates demand.

Second, the goal of tagging is obviously to make CANN usable in the real world. Taggins is just pre-set prices through agreement, something better I think long term would be an exchange where one one side you had grams of cannabis and on the other CANN where buyers and sellers set their own prices.  this is a way to that also

Of course 1CANN/gram is the optimal choice, however I don't know how achievable and sustainable that will be. I personally think 10CANN/gram is the better choice and more sustainable in the long run.

Even if the economics are  sound, you've gotta fight the idiots and the traders to keep the price there, and that's a hell of a lot harder @ 1 CANN than it is 10 CANN.

Well i'm nowhere near the ammounts you are guys holding (i've got around 10-15k cann) so i have really small role here but i wasn't able to get more cuz of my financial situation but whatever.
When i think more about it would maybe fine to make it 10 cann/g as the coin supply is really big, and if it would be needed then maybe lower the prices. It will still look better than increasing the price later in my eyes.
Also to answer the guy above me, yes there will be daily limit for ammount that can be bought with canncoin but what the limit will be isn't decided yet.

Quick question

For these medical cannabis transactions what amounts of cannabis can a patient get at any one time?

The reason the question is that if they are buying in a "bulk" quantity - it might be worthwhile looking at a "tiered" pricing structure to encourage people to buy larger quantities, therefore increasing the maximum turnover for the coin in the short term


I too would love to be made a millionaire over night, but I would much rather become a multi-millionaire over a longer time. Reminds me about an old story of an Old Bull and a Young Bull standing on a hill - the Old Bull said to the Young Bull - "mmmm look at all those lovely cows over there" to which the Young Bull replied " mmmm yeah lets run over there and fuck one". The wise Old Bull responded with "NO lets WALK over there and fuck the lot of them"